Cora's vs IHOP Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cora's vs IHOP including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Cora's Franchise
IHOP Franchise
Investment $550,000 - $900,000 $639,000 - $2,834,000
Franchise Fee $45,000 $20,000
Royalty Fee 5% of net -
Advertising Fee 2% National Fund; 1% Local Fund -
Year Founded 1987 1958
Year Franchised 1994 1960
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
Cora's Franchise
IHOP Franchise
Experience - -

Financing Options

 
Cora's Franchise
IHOP Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/- -/-
Equipment -/- -/-
Inventory -/- -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
Cora's Franchise
IHOP Franchise
Training We provide franchisees with 5 weeks of theoretical and practical training. -
Support We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant. -
Marketing - -
Operations We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company. -

Expansion Plans

 
Cora's Franchise
IHOP Franchise
US Expansion - -
Canada Expansion No -
International Expansion No -

Start-Up Costs and Fees Mobile

Investment
Cora's Franchise
$550,000 - $900,000
IHOP Franchise
$639,000 - $2,834,000
Franchise Fee
Cora's Franchise
$45,000
IHOP Franchise
$20,000
Royalty Fee
Cora's Franchise
5% of net
IHOP Franchise
-
Advertising Fee
Cora's Franchise
2% National Fund; 1% Local Fund
IHOP Franchise
-
Year Founded
Cora's Franchise
1987
IHOP Franchise
1958
Year Franchised
Cora's Franchise
1994
IHOP Franchise
1960
Term Of Agreement
Cora's Franchise
-
IHOP Franchise
-
Renewal Fee
Cora's Franchise
-
IHOP Franchise
-


Business Experience Requirements

Experience
Cora's Franchise
-
IHOP Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Cora's Franchise
-/-
IHOP Franchise
-/-
Start-up Costs
Cora's Franchise
-/-
IHOP Franchise
-/-
Equipment
Cora's Franchise
-/-
IHOP Franchise
-/-
Inventory
Cora's Franchise
-/-
IHOP Franchise
-/-
Receivables
Cora's Franchise
-/-
IHOP Franchise
-/-
Payroll
Cora's Franchise
-/-
IHOP Franchise
-/-

Training & Support

Training
Cora's Franchise
We provide franchisees with 5 weeks of theoretical and practical training.
IHOP Franchise
-
Support
Cora's Franchise
We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant.
IHOP Franchise
-
Marketing
Cora's Franchise
-
IHOP Franchise
-
Operations
Cora's Franchise
We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company.
IHOP Franchise
-

Expansion Plans

US Expansion
Cora's Franchise
-
IHOP Franchise
-
Canada Expansion
Cora's Franchise
No
IHOP Franchise
-
International Expansion
Cora's Franchise
No
IHOP Franchise
-

Company Overviews

About Cora's

Motivated by the success of her breakfast concept, Cora and her ambitious family decided to franchise their restaurants. For Cora, developing the breakfast food business niche meant doing it better than anybody had ever done it anywhere. Like any good recipe, success takes time to perfect. Cora, supported by her diligent team, slowly but surely developed more expertise in the business, and her unwavering drive for perfection earned her the title, "Queen of Quebec Breakfasts." Because she loved cooking for a crowd, Cora was continually opening new restaurants until she realized she could teach others her winning recipe. So began her journey into franchising. In 1993, Cora explored the possibility of franchising and was delighted to find that her business formula met all the criteria established by franchising specialists. Her dream of having restaurants throughout Quebec was about to become a reality. Franchising soon became Cora's business strategy to achieve her primary objective. For Cora, franchising allowed her to: offer breakfasts in as many places as possible, as often as possible and to as many guests as possible. Cora soon understood that by franchising, the team would be able to quickly build a strong brand image and dominate the Quebec market. An exciting new chapter for the newly formed Franchises Cora Inc. began in April 1994 when it granted its first franchise to open a restaurant in Pointe-Claire, in Montreal's West Island community. Ten more franchises would follow shortly. Always looking for a challenge, the Cora team's new objective was to open restaurants "all over Canada." In 2000, Cora developed the Cora Franchise Group to target the market in the rest of Canada, and soon opened its first restaurant in Nepean, Ontario. Shortly after, Cora also conquered other Ontario markets as well as markets in the Atlantic Provinces, Manitoba and Alberta. The result of franchising is impressive. The Cora chain now includes 130 restaurants across Canada, with additional restaurants opening their doors in the year to come. Today, the Cora network of restaurants serve 250,000 guests each week and is recognized as the leader in the breakfast industry in Canada. Would you like to join the Cora family? Find out about franchising opportunities http://www.chezcora.com/en/franchise-opportunities

About IHOP

The IHOP restaurant chain has been serving a wide variety of breakfast, lunch and dinner selections for more than 57 years. IHOP enjoys a rich heritage and almost universal awareness. Our brand has been built upon the strenght of our franchisees, vendors partners and dedicated employees. IHOP restaurants are franchised and operate by Glendale, California based IHOP Corp. There are over 1,280 IHOP restaurants in the U.S. and Canada.